In this episode of the 9inningsPodcast, Kevin and Dr. John T. Harvey, an economics professor at TCU, discuss inflation, Modern Monetary Theory (MMT), and fiscal policy. Dr. Harvey explains the complexities of inflation, emphasizing its multifaceted nature and the significant impact of housing costs on the Consumer Price Index (CPI). The conversation covers the limitations of traditional monetary policy, the role of government in job creation, and the need for policies that address the root causes of inflation. Dr. Harvey advocates for a nuanced understanding of inflation and proactive public sector job initiatives to ensure economic stability and social welfare.

Understanding Inflation Complexity (00:02:52)

CPI Components and Their Impact (00:06:23)

Raising Interest Rates as a Solution (00:09:12)

CPI Calculation Methods (00:12:51)

Labor Shortages and Price Increases (00:14:47)

Inflation and Job Creation (00:18:10)

Public vs. Private Sector Roles (00:21:27)

Competing with the Private Sector (00:25:05)

Universal Employment Strategy (00:26:35)

Historical Context of Inflation (00:29:07)

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